More WorldCom Fallout

A day after WorldCom's former CEO was convicted of taking part in the biggest accounting fraud in U.S. history, one of its former bond underwriters agreed to pay $2 billion to investors.

J.P. Morgan Chase agreed to settle its part of an investor lawsuit against it and several other banks who underwrote some $17 billion in WorldCom bonds. The banks were accused of not looking closely enough at the company's badly cooked books, charges they denied. Last year, Citigroup settled its part of the suit by paying about $2.58...